Ohio National Officially Terminates Select VA Trails

December 14, 2018 by
John Hilton

Ohio National officially broke service contracts today on variable annuities with a specific guarantees, never backing off the precedent-setting decision despite a torrent of criticism (and lawsuits) from the producer side.

Trail commissions stopped today for any producer who sold a VA with a guaranteed minimum income benefit rider. The company has been sued twice so far by broker-dealers in federal court.